CEO to discuss key enterprise mobility trends
RNS
RNS Number : 4110V
Globo plc
14 January 2013



FOR IMMEDIATE RELEASE
14 January 2013




GLOBO Plc

CEO to discuss key enterprise mobility trends & current trading

at Innovators & Investors Forum



Globo Plc (LSE-AIM: GBO) the international mobile solutions and SaaS provider, announces that Costis Papadimitrakopoulos, CEO and Founder, will present at the Innovators & Investors Forum at 10.45am on Tuesday, 29 January 2013.

Mr Papadimitrakopoulos will discuss the impact of "Bring Your Own Device", and other key trends, on enterprise mobility and how Globo is addressing this market, as well as commenting on current trading. Globo will be issuing a trading update before the event.

The one-day event, sponsored jointly by Cenkos Securities and Shares Magazine, provides an opportunity for investors to meet representatives from over thirty leading technology-based companies quoted on AIM, and takes place at The Business Design Centre, 52 Upper Street, Islington, London N1 0QH.

Globo will have a stand at the event which interested parties can visit from

UP 7% today

Climbing nice now

A buy in this weeks share mag. Still positive media coverage the reason for the sp climb.

Trading Update
RNS
RNS Number : 3447W
Globo plc
25 January 2013



FOR IMMEDIATE RELEASE
25 January 2013




GLOBO Plc ("Globo" or the "Group")

Trading Update

Globo Plc (LSE-AIM: GBO) the international mobile solutions and SaaS provider, today issues a trading update for the year ended 31 December 2012.

The Board is pleased to report that Globo has achieved a financial performance for 2012 ahead of market expectations, with revenues expected to have risen by approximately 28 per cent to €58 million (2011: €45.3 million). Revenue in 2012 from continuing operations excluding the eleven month contribution from divested Greek operations was €46 million, compared to the adjusted amount of € 27.8 million in 2011, representing an increase of approximately 66 per cent.

EBITDA for the year is expected to be at least €29 million, an increase of approximately 42 per cent over the previous year. Continuing operations contributed the substantial majority of total profits, ahead of market expectations, being derived mainly from the Group's mobile software product sales which currently represent over 90 per cent of the continuing operations of the Group.

This excellent performance is a result of continued strong demand for Globo's products in the international mobile consumer and enterprise applications markets.



The Group's consumer mobile offerings (CitronGO! and GO!Social) achieved revenue of €29 million for the year, continuing the profitable trend of the past few years with an increase of approximately 25 per cent compared to 2011.

Strategically more important, GO!Enterprise generated sales of more than €12 million representing an increase of approximately 530 per cent compared to the €2 million generated in 2011.



Our acquisition of Dialect Technologies Inc. (recently renamed Globo Mobile Inc) has been successful in all respects. Today it operates as the US operations and sales arm for GO!Enterprise. It has already succeeded in securing a number of initial deals, increasing our confidence that the US market will become a very significant contributor to future Group performance.



At the same time as accelerating international business expansion, the divestment of Greek operations has resulted in a significant positive impact on the Group's business and balance sheet, including a significant increase in profit margins and reduction of outstanding receivables and other current assets, together with the reduction of bank debt and other liabilities.



Operating cash flow for the year has increased significantly to approximately €13 million reflecting the improvement in working capital and collection terms resulting from the growth achieved by the Group's international mobile operations.



The Group continues to carefully invest in its Research and Development facility, investing approximately €11.5 million during the period (2011: €14.5 million).



The Group achieved organic positive free cash for the year, before the impact of acquisitions and disposals, of €1.6 million.



Total borrowings at the end of the year were reduced to €5 million (30 June 2012: €13.6 million) with net cash of €14 million and cash and cash equivalents of €19 million at 31 December 2012.



Outlook for 2013

Globo is currently competing in the international mobile enterprise and consumer markets, positioning itself as one of the leaders in addressing the "Bring Your Own Device" trend.



With significant investments being made in technology and business development initiatives, the Group is aiming to secure and expand its market footprint into the US, UK and Western Europe where the trend is advanced.



Our strategy is to engage with major IT distributors and mobile network operators along with specialised partners such as independent software vendors, integrators, consultants and mobile handset manufacturers.



In the meantime, by including technologies and capabilities such as FMC (fixed mobile convergence), "cloud" provisioning of the GO!Enterprise platform, MDM (mobile device management), NFC (near field communication), HTML5 hybrid coding and others, we will further enhance our product offering.



Our plans for 2013 include, where appropriate, selective acquisitions of technology firms that operate in similar fields of the mobile market focusing on the US and UK.



Globo's Chief Executive Office, Costis Papadimitrakopoulos, commented:



"This was another excellent year for Globo. Starting with the acquisition of Dialect in February and continued demand for our solutions throughout the year, we ended 2012 with a strategic and well executed divestment from our Greek operations.



For us, 2012 was the year in which Globo completed its transformation into a truly international technology vendor in the hottest place in the technology market today - enterprise mobility and BYOD.



For the past 15 years since being founded and throughout the 5 years since being listed on the AIM market, Globo has been delivering sustained growth beyond market expectations driven by the innovation and the passion of its people, whom I would like to thank on behalf of our shareholders.



This is what we aim to continue to do in the years ahead as well"

8% up on open

Sold half my holding

Globo tops forecasts as GO!Enterprise sales soar
7:47 am by Philip WhiterowThe mobile software businesses contributed the majority of profits.



Booming sales of Globo’s (LON:GBO) business–focused GO!Enterprise software will see the company top market expectations for 2012.

Go!Enterprise sales jumped by more than 500% to €12mln last year and helped to lift underlying group revenues by 66% to €46mln.

GO!Enterprise is Globo’s flagship product in the rapidly growing Bring-Your-Own-Device (BYOD) market and enables employees to bring workplace email, data, and applications securely onto their personal smartphone or tablet.

Underlying earnings (EBITDA) in 2012 will 42% higher at a minimum €29 mln.

The ongoing mobile software businesses contributed the majority of profits. During the year the company disposed of its legacy Greek businesses. Including the Greek operations total revenues rose 28% to €58 mln.

The company’s two consumer software businesses, CitronGO! and GO!Social posted combined revenues 25% ahead at €29 mln.

The sale of the Greek operations has resulted in a significant positive impact on the group's business and balance sheet, Globo said, with cash at the year end rising to €19 mln.

Globo added that US acquisiton Dialect Technologies had been successful in all respects and is now the the hub of the US operations and sales for GO!Enterprise.

The US market will become a very significant contributor to future group performance, the company added and its plans include acquisitions of technology firms that operate in similar fields of the mobile market focusing on the US and UK.

Globo's chief executive, Costis Papadimitrakopoulos, said: "This was another excellent year for Globo. Starting with the acquisition of Dialect in February and continued demand for our solutions throughout the year, we ended 2012 with a strategic and well executed divestment from our Greek operations.

"For us, 2012 was the year in which Globo completed its transformation into a truly international technology vendor in the hottest place in the technology market today - enterprise mobility and BYOD."

Congratulations to those of you who took a punt on this one over the past couple of weeks . It is currently up about 50%


Globo ahead of market forecasts
StockMarketWire.com
International mobile solutions and software-as-a-service provider Globo will report full-year results ahead of market forecasts.

Revenues for the year to the end of December are expected to have risen by approximately 28% to 58m.

Globo says revenue in 2012 from continuing operations excluding the 11-month contribution from divested Greek operations was 46m, compared to the adjusted amount of 27.8m in 2011, an increase of approximately 66%.

Earnings before interest, tax, depreciation and amortisation for the year are expected to be at least 29m, an increase of approximately 42% over the previous year.

Continuing operations contributed the substantial majority of total profits, ahead of market expectations, being derived mainly from the hroup's mobile software product sales which currently represent over 90% of the continuing operations of the hroup.

Globo says this excellent performance is a result of continued strong demand for its products in the international mobile consumer and enterprise applications markets.

At 8:04am: (LON:GBO) share price was +2.75p at 30.5p


Story provided by StockMarketWire.com

Globo to present at the London Innovators and Investors Forum - They will have something to shout about, with this trading update. Thanks chessplayer.

The tips in both the I C and SHARES suggest that there is much good news still on the way regarding prospects in the U.S.

UPDATE: Globo tops forecasts as GO!Enterprise sales soar
3:10 pm by John Harrington RBC values Globo at 55p using its discounted cash flow model. With the shares currently trading at 30.5p, up 9.9% on the day, that makes the shares a ‘buy’ in RBC’s view.

---Adds broker comment and share price reaction---

Booming sales of Globo’s (LON:GBO) business–focused GO!Enterprise software will see the company top market expectations for 2012.

Go!Enterprise sales jumped by more than 500% to €12mln last year and helped to lift underlying group revenues by 66% to €46mln.

GO!Enterprise is Globo’s flagship product in the rapidly growing Bring-Your-Own-Device (BYOD) market and enables employees to bring workplace email, data, and applications securely onto their personal smartphone or tablet.

Underlying earnings (EBITDA) in 2012 will 42% higher at a minimum €29 mln.

The ongoing mobile software businesses contributed the majority of profits. During the year the company disposed of its legacy Greek businesses. Including the Greek operations total revenues rose 28% to €58 mln.

The company’s two consumer software businesses, CitronGO! and GO!Social posted combined revenues 25% ahead at €29 mln.

The sale of the Greek operations has resulted in a significant positive impact on the group's business and balance sheet, Globo said, with cash at the year end rising to €19 mln.

Globo added that US acquisition Dialect Technologies had been successful in all respects and is now the hub of the US operations and sales for GO!Enterprise.

The US market will become a very significant contributor to future group performance, the company added and its plans include acquisitions of technology firms that operate in similar fields of the mobile market focusing on the US and UK.

Globo's chief executive, Costis Papadimitrakopoulos, said: "This was another excellent year for Globo. Starting with the acquisition of Dialect in February and continued demand for our solutions throughout the year, we ended 2012 with a strategic and well executed divestment from our Greek operations.

"For us, 2012 was the year in which Globo completed its transformation into a truly international technology vendor in the hottest place in the technology market today - enterprise mobility and BYOD."

The sparkling trading update prompted house broker RBC Capital Markets to revise its GO!Enterprise revenue forecast for 2013 (FY13) by 11% to €18mln.

“GO!Enterprise FY12 revenues should be 20% ahead of our estimates and we believe the prospects for this product suite remain significantly undervalued by the market,” asserts RBC’s Andrew Dunn.

“Expected EBITDA of 'at least' €29M is above our old €25.9M forecast which we are revising to €28.1M, and Globo has achieved this growth whilst generating positive free cash flow which we find impressive, and unusual in a technology company with such high growth,” the broker added.

“The deals Globo has already signed offer access to millions of potential subscribers, and with high associated software margins, we believe GO!Enterprise has potential to become the core profit driver of the group. The statement speaks of initial deals in the US and increased confidence this region will become 'a very significant contributor to future group performance', and we remain hopeful of further news flow,” RBC said.

In the broker’s view, the shares deserve to be re-rated given “clear evidence of traction”. The broker notes that on next year’s projected earnings per share, it still trades on a measly price/earnings ratio of 5.9, or an enterprise value/EBITDA ratio of just 2.8.

The broker values Globo at 55p using its discounted cash flow model. With the shares currently trading at 30.5p, up 9.9% on the day, that makes the shares a ‘buy’ in RBC’s view

Held its gains for the day. Lets hope we see this 55p in the not to distant future.

Edmond Jackson's Stockwatch: Globo

http://www.iii.co.uk/articles/71667/edmond-jacksons-stockwatch-globo

A buy in this weeks shares mag - Analysts at broker RBC Capital Markets anticipate 2012 revenues of £40m increasing to £52.1m and £70.2 m this year and next. That would imply earnings per share doubling to 3.5p in 2012, before hitting 5.2p and 7.8p over the next two years. Such growth leaves the stock on just 6.4 times and 4.3 times earnings for 2013 and 2014.

Flying

FOR IMMEDIATE RELEASE
27 February 2013

GLOBO Plc ("Globo" or the "Group")

Signs North America Distribution Agreement with Ingram Micro; Announces Enterprise Mobility in a Box® for SMBs


NEW YORK - Feb. 25, 2013 - Globo (LSE-AIM: GBO), the international leader and technology innovator delivering Enterprise Mobility Management and Telecom software products and solutions, today announced it has signed a distribution agreement with Ingram Micro Inc. (NYSE: IM). Under the terms of the agreement, the Ingram Micro Mobility division will provide Globo's revolutionary enterprise mobility solutions for the Enterprise and Small and Medium Business (SMB) market to authorised resellers in the United States and Canada.

Ingram Micro Mobility will act as an exclusive distributor in North America for Globo's new product, GO!Enterprise - Enterprise Mobility in a Box®, which will be showcased at GSMA's Mobile World Congress in Barcelona beginning 25 February 2013, with commercial launch scheduled within the following month.

"The addition of Globo's GO!Enterprise platform to our lineup allows Ingram Micro resellers to provide an even wider portfolio of solutions to serve the growing number of customers looking to mobilise their business operations," said Bashar Nejdawi, president Ingram Micro Mobility, North America. "We're committed to offering products to our reseller customers that provide them with ever-expanding opportunities for success in a competitive marketplace and Globo's portfolio of mobile solutions is an essential addition to our mobile offering."

GO!Enterprise - Enterprise Mobility in a Box® ("GO!Enterprise BOX") is a revolutionary and innovative approach to Enterprise Mobility for SMBs that allows small businesses with up to 150 devices to securely run and manage their BYOD (Bring Your Own Device) mobile workforce through the Globo cloud infrastructure.

Everything required for enterprise mobility management is provided literally "out of the box" and is hosted in the cloud. The comprehensive solution includes hosted Microsoft Exchange accounts, cloud hosting and file storage, GO!Enterprise Office productivity and collaboration apps, an integrated development studio for creating customised Apps, and an Enterprise Mobility Management console to manage and protect corporate assets.

GO!Enterprise BOX is a plug and play solution that requires zero IT resources or specialised technical knowledge. Available on a pay-as-you-go annual licensing model, it minimises any up-front costs and ensures an exact match with business needs. Now SMBs do not have to settle for a scaled down enterprise solution and can find Enterprise Mobility products anywhere, even on the shelves of major retailers.


"Enterprise mobility is a strategic initiative for organizations of all sizes and our product strategy is designed to deliver to the widest range of customers exactly what they require.Enterprise Mobility in a Box® came of out this business mindset. The distribution agreement with Ingram Micro Mobility complements exactly what we envisaged; the widespread cross-channel availability of a solution crafted for SMBs made available through one of the leading IT and mobile distributors in the world and addressing the most mature markets of USA and Canada in one move,"said Costis Papadimitrakopoulos, Globo's CEO. "This agreement with Ingram Micro Mobility is an important step in advancing Globo's global leadership and establishing our brand and solutions in the United States and Canada."

Up nearly 3 points at 39 on good volume and plenty of buying

4m buys, up 12%